175,000 Shares in DHT Holdings, Inc. $DHT Acquired by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC purchased a new position in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 175,000 shares of the shipping company’s stock, valued at approximately $2,137,000. Manatuck Hill Partners LLC owned 0.11% of DHT as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares during the period. Fifth Third Bancorp lifted its position in shares of DHT by 96.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after purchasing an additional 2,042 shares during the period. Sound Income Strategies LLC acquired a new position in shares of DHT in the 4th quarter worth approximately $58,000. Leonteq Securities AG acquired a new position in shares of DHT in the 4th quarter worth approximately $59,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of DHT in the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 1.6%

DHT stock opened at $18.11 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. DHT Holdings, Inc. has a 12-month low of $10.61 and a 12-month high of $20.55. The firm’s fifty day moving average is $17.69 and its 200 day moving average is $15.99. The company has a market capitalization of $2.92 billion, a PE ratio of 8.79 and a beta of -0.12.

DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. DHT had a net margin of 58.54% and a return on equity of 27.54%. The company had revenue of $157.20 million for the quarter, compared to the consensus estimate of $152.15 million. During the same quarter in the previous year, the company earned $0.27 EPS. DHT’s quarterly revenue was up 134.9% compared to the same quarter last year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date was Thursday, May 21st. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio is presently 124.27%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DHT. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. BTIG Research boosted their price target on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Evercore downgraded shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research report on Wednesday, April 22nd. Finally, Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, DHT presently has an average rating of “Moderate Buy” and an average price target of $19.33.

DHT Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.